Forex Technical Analysis & Forecasts

Forex Technical Analysis & Forecasts

Forex Technical Analysis Forecast 16.02.2022

Posted: 16 Feb 2022 12:15 AM PST

EURUSD, Euro vs US DollarEURUSD is consolidating around 1.1348. Today, the pair may grow with the shortterm target at 1.1388. Later, the market may correct to return to 1.1348 and then form one more ascending structure towards 1.1416.GBPUSD, Great Britain Pound vs US DollarGBPUSD is consolidating around 1.3520; it has already expanded this range down to 1.3484. Possibly, today the pair may grow and each the upside border at 1.3555. After that, the instrument may resume trading downwards with the target at 1.3434.USDRUB, US Dollar vs Russian RubleAfter finishing the descending structure at 75.15, USDRUB is expected to consolidate there. If later the price breaks the range to the downside, the market may resume trading downwards to break 74.28 and then continue falling with the target at 74.00.USDJPY, US Dollar vs Japanese YenHaving completed the correctional structure at 115.86, USDJPY is expected to fall towards 115.35 and then consolidate there. Later, the market may break the range to the downside and resume falling with the target at 114.85 or even extend this structure down to 114.40.USDCHF, US Dollar vs Swiss FrancAfter rebounding from 0.9273, USDCHF is falling and may soon reach 0.9240. Later, the market may break this level to the downside and continue trading downwards with the shortterm target at 0.9210.AUDUSD, Australian Dollar vs US DollarAUDUSD is forming a new ascending wave towards 0.7168. After that, the instrument may fall to break 0.7126 and then continue...

Fibonacci Retracements Analysis 16.02.2022 GBPUSD, EURJPY

Posted: 15 Feb 2022 11:45 PM PST

GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, GBPUSD is consolidating around 38.2 fibo. This consolidation range may be followed by a new rising impulse. The midterm upside targets may be 61.8 and 76.0 fibo at 1.3833 and 1.3987 respectively. The key support remains at the low at 1.3160.The H1 chart shows that after falling and reaching 61.8 fibo, the pair started a new wave to the upside and has already reached 23.6 fibo. Possibly, in the future, the price may continue growing and reach the local high at 1.3749 or even break it. Another scenario implies a new wave to the downside to return to 76.0 fibo at 1.3301 but its highly unlikely.EURJPY, Euro vs. Japanese YenAs we can see in the H4 chart, divergence on MACD made EURJPY complete its rising wave at 76.0 fibo and start a new correctional decline, which may be over quite soon. In the nearest future, the asset may resume trading upwards to reach the high at 134.12. The support is the low at 127.38.In the H1 chart, divergence on MACD made the asset correct to the downside and reach 61.8 fibo. By now, the price has returned to 38.2 fibo; at the moment, it is heading towards the local high at 133.15. Later, the instrument may form one more descending impulse to reach 76.0 at 129.43.

GER50 Wave Analysis 15 February, 2022

Posted: 14 Feb 2022 10:21 PM PST

GER50 index recently reversed up from the support zone located between the key support level 32120.00 which stopped wave C in January and the lower daily Bollinger Band.

NZDCHF Wave Analysis 15 February, 2022

Posted: 14 Feb 2022 10:21 PM PST

NZDCHF currency pair recently reversed up from the support zone located between the key support level 0.6100 which has been reversing the pair from the start of January and the lower daily Bollinger Band.

Fibonacci Retracements Analysis 15.02.2022 EURUSD, USDJPY

Posted: 15 Feb 2022 01:24 AM PST

EURUSD, Euro vs US DollarAs we can see in the daily chart, the asset is quickly correcting to the upside after convergence on MACD. After reaching and testing 23.6 fibo, the pair has started a slight pullback within this correctional uptrend. After this pullback is over, the price may form another rising impulse towards 38.2 and 50.0 fibo at 1.1590 and 1.1735 respectively. The support is the low at 1.1120.The H1 chart shows a more detailed structure of the current descending correction, which has already reached 50.0 fibo at 1.1302 and may later be heading towards 61.8 and 76.0 fibo at 1.1263 and 1.1210 respectively. A breakout of the resistance at 1.1495 will lead to a further midterm uptrend.USDJPY, US Dollar vs. Japanese YenAs we can see in the daily chart, USDJPY has rebounded from the high at 116.35 due to divergence on MACD. In this case, the pair may start a new descending correctional wave to reach 23.6, 38.2, and 50.0 fibo at 113.09, 111.10, and 109.48 respectively.The H4 chart shows local divergence on MACD, which may hint at a new decline. The downside target is the support at 113.47. At the same time, the asset may yet break the high and grow towards the postcorrectional extension area between 138.2 and 161.8 fibo at 117.46 and 118.13 respectively.

Bank of America Wave Analysis 14 February, 2022

Posted: 13 Feb 2022 10:12 PM PST

Bank of America recently reversed down from the resistance zone located between the round level resistance 50.00 top of wave B from January and the upper daily Bollinger Band.

NZDCAD Wave Analysis 14 February, 2022

Posted: 13 Feb 2022 10:12 PM PST

NZDCAD currency pair recently reversed down from the resistance zone located between the resistance level 0.8500 former support from the start of January, upper daily Bollinger Band and the 61.8 Fibonacci correction of the downward impulse from December.

EURGBP Wave Analysis 11 February, 2022

Posted: 10 Feb 2022 10:09 PM PST

EURGBP currency pair recently reversed down from the resistance zone lying between the key resistance level 0.8460 former support from December, upper daily Bollinger Band and the 61.8 Fibonacci correction of the downward impulse from December.
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